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Angola
19 February 2020

China International Fund continues to unravel in Angola
China International Fund (CIF) was synonymous with large-scale Chinese investment in Angolan housing, roads and railways prior to Sam Pa's 2015 arrest. Under the new administration of President João Lourenço, since 2017, the CIF “empire” has unravelled.
13 February 2020

Coronavirus “contagion” for the Angolan economy
Despite substantial reforms to attract investment, which have already reflected in an improvement in the global corruption perception index, the Angolan economy is still in negative territory. Heavy reliance on oil exports means Angola’s GDP is highly exposed to “contagion” from the effects of the coronavirus crisis in China.
02 January 2020

Outlook for Angola worsens
In its latest evaluation of the Angolan economy, the IMF points to a deteriorating economic scenario expecting the economy to fall by 1.1% in 2019, due to a further decrease in the oil economy (-5.0%), not compensated by the largely stagnant non-oil economy (+0.6%).
11 December 2019

New rules for public-private partnerships in Angola
Investment promotion is central to Angola’s efforts to boost economic growth after three years of recession. The solution may be public-private partnerships, which now have established guidelines.
03 December 2019

Diamond exports take a hit in Angola, along with oil
Angola has been in a prolonged recession since 2014, with oil production declining and oil prices subdued. Independent analysts expect this recession to continue, but now Angola’s second export – diamonds – is also taking a hit.
28 November 2019

China’s Exim Bank partners with Morocco’s Attijariwafa Bank for African expansion
A new partnership agreement between China's Exim Bank and Attijariwafa Bank from Morocco, is set to align two key financial institutions in both countries in the common goal of boosting business ties and their economic presence in Africa.
31 October 2019

Angola Alert: local currency to continue losing value
The value of Angola’s currency, the kwanza, has more than halved, since the central bank implemented a floating exchange rate regime as part of its macroeconomic stabilisation programme in January 2018. Nearly two years on, the kwanza continues to slide and is expected to maintain its downward trend.
26 September 2019

China in the Backdrop, as European Union Forges New Alliance with Africa
A new alliance agreement between Europe and Africa will level the playing field for them in African countries after complaints that Chinese official credit lines make them less competitive vis-a-vis Chinese counterparts in African countries.
19 September 2019

African governments take the fishing bait
The governments of coastal states across Africa have complained about the impact of unregulated and unlicensed fishing on local fish populations. Fish stocks in other parts of the world have crashed and now many industrial scale vessels have moved into African waters.
17 September 2019

Insecurity and bribe demands plague Chinese businesses in Angola
Amid one of the most serious economic crises of its history, Angola’s government is looking at every major economy for investors. Being Angola’s major creditor for over a decade, China is, naturally, one of the main targets.
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